The USDCHF price attempts to recover – Forecast today - 07-05-2024
Economies.com
2024-05-07 03:51AM UTC
USDCHF Price Analysis
The USDCHF price shows positive trades, indicating a potential resumption of the main bullish trend and invalidating the recently suggested correctional bearish scenario. The price is on its way to achieve gains, starting at 0.9170 and extending to 0.9225.
Therefore, a bullish bias is suggested for today, and breaching 0.9110 will ease the mission to achieve the awaited targets. However, breaking 0.9014 will stop the expected rise and push the price to initiate a new bearish correction on the intraday and short-term basis.
Expected Trading Range for Today
- Support: 0.9010
- Resistance: 0.9150
Trend Forecast
Bullish
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